2022 Outsourced-Chief Investment Officer Survey

Provider Profiles


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Silvercrest Asset Management Group

Profile
Business Model§ Proprietary/non-proprietary
Year Entered Into OCIO Business2002
No. of Relationship Managers/Salespeople5
No. of OCIO Portfolio Managers4
OCIO % of Total Firm Revenue3%
No. of Clients, Full Discretion6
Full Discretionary Assets
Total Full Discretionary OCIO Assets$794mm
Discretionary Assets by Fund Type
Defined Benefit$42mm
401(k), 403(b), Other DC
Endowments/Foundation$752mm
Healthcare Pools (Board designated, funded depreciation)
Other
Portfolio Construction
Each client portfolio is fully customized to achieve its unique risk, return, mission (ESG), liquidity, cash flow and fee preferences. Clients directly own their investments with no "sleeves" or fund-of-funds required. Silvercrest OCIO portfolios have achieved client objectives in part as a result of being streamlined: stripping out unnecessary complexity, investment line items, illiquidity, opacity and cost. Best-in-class managers selected on behalf of clients tend to be capacity constrained, more concentrated, with lower turnover and less volatility. Sophisticated portfolio risk analytics is employed at the portfolio, manager and securities level to identify the level, location and correlation of identified risk.
§OCIO only: Open-architecture (no proprietary products used): Investment outsourcing is only business line.

OCIO + other: An open-architecture/manager-of-manager investment outsourcing platform as one of multiple business lines.

Implemented consulting: i.e. consulting firm that also has discretion over assigned assets.

Proprietary/non-proprietary: An investment outsourcing platform that offers proprietary products alongside non-proprietary products.